Across the Board Rally in Commodities (DBC)
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From oil to oats, commodity prices are higher across the board on Tuesday. The broad-based rally in commodities paints a picture of a market bracing for inflation. Interestingly, the move comes just ahead of an expected rate cut by the ECB.
After Monday’s weak ISM report in the U.S., there is growing chatter Fed Chairman Ben Bernanke is going to be forced to fire another QE bullet at the weakening economy. With China easing all but guaranteed, it is no wonder the inflation trade is back on.
PowerShares DB Com Index Tracking Fund ETF (NYSE: DBC), which owns a broad range of commodities, is higher by 2.5 percent intraday on Tuesday.
After Monday’s weak ISM report in the U.S., there is growing chatter Fed Chairman Ben Bernanke is going to be forced to fire another QE bullet at the weakening economy. With China easing all but guaranteed, it is no wonder the inflation trade is back on.
PowerShares DB Com Index Tracking Fund ETF (NYSE: DBC), which owns a broad range of commodities, is higher by 2.5 percent intraday on Tuesday.
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